Merger Completed to Create Market Leader with Nearly One in Three U.S. Physicians and a Focus on Connecting Healthcare to Improve Quality, Eliminate Errors and Reduce Costs
CHICAGO and LONDON, Oct. 13 /PRNewswire-FirstCall/ — Allscripts-Misys
Healthcare Solutions Inc. (AllscriptsMisys) today begins its first day as a
combined company with an ambitious plan to connect healthcare in order to
improve quality, reduce errors and lower costs for the American healthcare
system. Formed by the merger of a subsidiary of Allscripts Healthcare
Solutions, Inc. and Misys Healthcare Systems, LLC, the newly integrated
company is among the largest providers of Electronic Health Record and
Practice Management solutions in the United States, with a client base of
nearly one-third of the nation’s practicing physicians. AllscriptsMisys also
provides information and connectivity solutions to more than 700 US hospitals
and nearly 7,000 post-acute and homecare organizations.
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By virtue of its size and ability to connect providers to stakeholders
across the healthcare community, AllscriptsMisys is uniquely positioned to
support the increasing focus on the health of patients and the healthcare
organizations that deliver services to them.
“AllscriptsMisys is the perfect marriage of two great companies,” said
Jess Kupec, President and Chief Executive Officer of Saint Francis Physician
Hospital Organization (PHO) in Hartford, Conn., which represents over 650
physicians in 300 locations. “We were already using software from both
companies to help our physicians automate clinical and financial tasks while
at the same time connecting them to critical information they need to improve
the quality of care. This combination makes it easier for Allscripts and Misys
clients to select and connect the best products.”
AllscriptsMisys aims to be the clear leader in providing innovative
software, connectivity and information solutions that empower physicians and
other healthcare providers to improve the health of their patients and their
bottom line. Every day approximately 150,000 physicians across the United
States utilize one or more of the company’s portfolio of Electronic Health
Records, Practice Management, ePrescribing and other ambulatory solutions.
Additionally, hundreds of hospitals and thousands of post-acute facilities —
including home care agencies and hospices — utilize the company’s Emergency
Department, Care Management and Homecare solutions.
The brand name of AllscriptsMisys is Allscripts.
“AllscriptsMisys has the size and scope to bring real transformation to
healthcare by using our software to connect physicians and other key
healthcare stakeholders to the information they need to deliver higher quality
outcomes,” said Glen Tullman, Chief Executive Officer of AllscriptsMisys. “We
want to eliminate the paper, the waste, the errors and the patient
inconvenience associated with today’s healthcare delivery system and, working
with our clients, we know we can. Our goal is to empower the best physicians
and caregivers in the world with the information they need to deliver world-
class care, while at the same time supporting them with Revenue Cycle
Management and EDI platforms to help them better manage their own bottom
lines.”
Mike Lawrie, Executive Chairman of AllscriptsMisys and Chief Executive
Officer of Misys plc, commented, “Today marks a historic day in the movement
towards transforming healthcare in the US. By merging two healthcare
technology powerhouses, we’ve created a company capable of delivering the
quality and cost improvements that healthcare providers and patients have long
sought. Working together with our customers, AllscriptsMisys will deliver on
the promise and potential of healthcare technology.”
By seamlessly integrating information across its product portfolio, and
across the continuum of care, the combined company is focused on delivering
the benefits of connected communities and enabling providers to Connect To
Health(TM). Examples include:
— Connecting physicians outside the hospital with real-time information
on their patients who visit the Emergency Department or are admitted to the
hospital, ensuring continuity of care and better outcomes
— Connecting Emergency Department personnel with their patient’s medical
history, prescriptions and other information that is vital to providing safe,
effective emergency care
— Connecting hospital care management teams with Emergency Department
physicians to drive significant improvements in patient care through
collaborative management
— Connecting hospitals and physicians with the post-acute care community
— such as extended care facilities — to cut length of stay, increase
throughput and improve patient outcomes
“This industry has been talking for years about the value of connecting
the isolated silos of healthcare information, but with AllscriptsMisys, it’s
no longer a vision — we’re doing it right now in hospitals and clinics across
the nation,” said Tullman.
The launch of AllscriptsMisys also makes it easier for the 90,000 former
Misys Practice Management clients who lack an Electronic Health Record to
adopt the Allscripts Electronic Health Record best suited to their practice
size and specialty, Tullman added. “Our objective is to offer safe and easy
choices to the existing Misys base and to the market in general. Practices
that are pleased with their current practice management systems can simply add
the Allscripts Electronic Health Record that fits and feels best. Others may
choose to upgrade to a new suite of products. And, beginning today, basic
interfaces between AllscriptsMisys products will be included at no charge.”
AllscriptsMisys clients who have experience using both Allscripts
Electronic Health Records and Misys Practice Management solutions confirm that
the products are already seamlessly integrated. Renee Bomar, a nurse
practitioner at Georgia Pediatric Pulmonology Associates (GPPA), whose 14
providers run two clinics in Atlanta, said the interface between the two
solutions is “so seamless we don’t even think about it. The two systems are so
familiar with each other that it doesn’t matter which support team you call
with an issue, it will be resolved. And that was before the merger.”
Visit the AllscriptsMisys Online News Center
(https://www.allscripts.com/press) for more information including client video
testimonials and case studies.
About AllscriptsMisys
AllscriptsMisys (Nasdaq: MDRX) uses innovation technology to bring health
to healthcare. More than 150,000 physicians, 700 hospitals and nearly 7,000
post-acute and homecare organizations utilize AllscriptsMisys to improve the
health of their patients and their bottom line. The company’s award-winning
solutions include electronic health record, electronic prescribing, revenue
cycle management, practice management, document management, medication
services, hospital care management, emergency department information systems
and homecare automation. Allscripts is the brand name of Allscripts-Misys
Healthcare Solutions, Inc. To learn more, visit https://www.allscripts.com.
This news release may contain forward-looking statements within the
meaning of the federal securities laws. Statements regarding future events,
developments, the Company’s future performance, as well as management’s
expectations, beliefs, intentions, plans, estimates or projections relating to
the future are forward-looking statements within the meaning of these laws.
These forward-looking statements are subject to a number of risks and
uncertainties, some of which are outlined below. As a result, actual results
may vary materially from those anticipated by the forward-looking statements.
Among the important factors that could cause actual results to differ
materially from those indicated by such forward-looking statements are: the
volume and timing of systems sales and installations; length of sales cycles
and the installation process; the possibility that products will not achieve
or sustain market acceptance; the timing, cost and success or failure of new
product and service introductions, development and product upgrade releases;
competitive pressures including product offerings, pricing and promotional
activities; our ability to establish and maintain strategic relationships;
undetected errors or similar problems in our software products; compliance
with existing laws, regulations and industry initiatives and future changes in
laws or regulations in the healthcare industry; possible regulation of the
Company’s software by the U.S. Food and Drug Administration; the possibility
of product-related liabilities; our ability to attract and retain qualified
personnel; our ability to identify and complete acquisitions, manage our
growth and integrate acquisitions; the ability to recognize the benefits of
the merger with Misys Healthcare Systems, LLC (“MHS”); the integration of MHS
with the Company and the possible disruption of current plans and operations
as a result thereof; maintaining our intellectual property rights and
litigation involving intellectual property rights; risks related to third-
party suppliers; our ability to obtain, use or successfully integrate third-
party licensed technology; breach of our security by third parties; and the
risk factors detailed from time to time in our reports filed with the
Securities and Exchange Commission, including our 2007 Annual Report on Form
10-K available through the Web site maintained by the Securities and Exchange
Commission at http://www.sec.gov. The Company undertakes no obligation to
update publicly any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE Allscripts-Misys Healthcare Solutions Inc.